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IDT to Distribute RegaloCardís Mobile Money Transfer Service to Over 150,000 Retailers Nationwide - IDT partnership brings RegaloCardís and instant mobile micro money transfer service to immigrants nationwide [NYSE: IDT]
IDT to Distribute RegaloCardís Mobile Money Transfer Service to Over 150,000 Retailers Nationwide

 

PRZOOM - /newswire/ - Doral, FL, United States, 2010/05/25 - IDT partnership brings RegaloCardís and instant mobile micro money transfer service to immigrants nationwide [NYSE: IDT].

   
 
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RegaloCard, RegaloCard.com, a global mobile payments company that has developed a free and instant replacement to costly money transfer services, announced today that they have entered into a distribution partnership with IDT. IDT is the largest national distributor of prepaid products to the US immigrant market. IDT will distribute RegaloCardís products through IDTís 155,000 retail points of sale nationwide. RegaloCard, through its proprietary mobile payments platform and unique business model, has created a new product category the ďmicro money transfer,Ē allowing consumers to send instantly and for free as little as $10, directed to specific uses. The RegaloCard service works with any mobile phone and carrier worldwide and is as easy to use as a prepaid calling card.

IDT is a leading distributor of prepaid products to the US immigrant market with retail coverage in all 50 states and the District of Colombia. IDT reaches all retail segments, from small mom and pop stores to major national big box retailers. Tom Weekly, President of IDT Retail said, ďRegaloCard is just a great product, and has made sending a micro money transfer as easy as purchasing a calling card. As IDT is the largest prepaid and calling card distributor in the US, the product fit makes a lot of sense. We sell millions of calling cards a month and consumers and our retail partners have already been asking us when RegaloCard will be available in their area. We believe we will see a very rapid growth of RegaloCard sales across our national retail footprint.Ē

Gregory Keough Chairman and CEO of RegaloCard stated, ďAlmost all immigrants use calling cards to call their family back home. RegaloCard has now made sending micro money transfers, of as little as $10, not only profitable but as easy for the consumer to use as a calling card. RegaloCardís micro money transfer products can now instantly enter thousands of locations where traditional money transfer companies canít operate, making the service more convenient for consumers. RegaloCard has been inundated with requests from consumers and distributors alike for more retail locations where they can purchase RegaloCards and we believe this partnership with IDT will rapidly accelerate RegaloCardís growth and sales nationwide, making a RegaloCard as easy to purchase as a calling card.Ē

With IDT joining RegaloCard as a national distribution partner, RegaloCard will be available in over 250,000 locations nationwide. Through partnerships with IDT and FBrands, RegaloCard provides almost three times the distribution footprint in the US of the top three traditional money transfer companies combined. RegaloCard will be announcing additional distribution partners in the US and Canada in the coming weeks.

About RegaloCard

RegaloCard, RegaloCard.com, is a global mobile payments company that has developed a free and instant replacement to costly money transfer services. RegaloCard, through its proprietary mobile payments platform and unique business model, has created the ďmicro money transferĒ allowing consumers to send instantly and for free as little as $10, directed to specific uses, while earning a greater margin then traditional money transfer companies. RegaloCard is a prepaid gift card that immigrants can buy in the United States, but is delivered instantly to the person chosen in the immigrantís home country, to make purchases at leading local retailers. The RegaloCard service works with any mobile phone and carrier worldwide and is as simple to use as a prepaid calling card.

 
 
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Agency / Source: RegaloCard

 
 

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IDT to Distribute RegaloCardís Mobile Money Transfer Service to Over 150,000 Retailers Nationwide

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Contact: Sofia Alvarenga - RegaloCard.com 
718-223-2961 salvarenga[.]RegaloCard.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RegaloCard securities in any jurisdiction including any other companies listed or named in this release.

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